Pat Used to Work as an Aerobics Instructor at the Local

question 27

Multiple Choice

Pat used to work as an aerobics instructor at the local gym earning $35,000 a year.Pat quit that job and started working as a personal trainer.Pat makes $50,000 in total annual revenue.Pat's only out-of-pocket costs are $12,000 per year for rent and utilities,$1,000 per year for advertising and $3,000 per year for equipment.
Refer to the information given above.For Pat to earn normal profit,accounting profit would have to be _______.

• A)$50,000
• B)$35,000
• C)$15,000
• D)0

---

Definitions:

Private Realm

The sphere of an individual's life that is not subject to governmental intrusion or public scrutiny, including aspects of personal and family life.

Economic Insecurity

A state where individuals or families cannot predict their future financial condition with certainty, often including worries about employment, income, and basic needs.

Government Policies

Strategies or courses of action decided and implemented by a government to achieve specific goals within a society.

Shareholder Democracy

A form of corporate governance that emphasizes the rights of shareholders to influence decisions and policies within a company.